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Market efficiency means the market price of a security reflects the market s consensus estimate of the value of said security. This book explores the relationship between the macroeconomy of Brazil, Russia, India, and China and their respective stock market returns. In assessing the risk to invest in emerging financial markets or EFMs, such as the aforementioned macroeconomies, investors will need to understand not only the relationship between country-specific financial markets and how they can be influenced by the macroeconomic factors such as Gross Domestic Product (GDP), Consumer Price…mehr

Produktbeschreibung
Market efficiency means the market price of a
security reflects the market s consensus estimate of
the value of said security. This book explores the
relationship between the macroeconomy of Brazil,
Russia, India, and China and their respective stock
market returns. In assessing the risk to invest in
emerging financial markets or EFMs, such as the
aforementioned macroeconomies, investors will need
to understand not only the relationship between
country-specific financial markets and how they can
be influenced by the macroeconomic factors such as
Gross Domestic Product (GDP), Consumer Price Index
(CPI), Exchange Rate, M1 Money Supply, and Oil
Price, but whether or not their stock markets are
efficient in determining the market prices.
Autorenporträt
Robert Gay is an Adjunct Professor in Economics for Nova
Southeastern University (NSU) in Fort Lauderdale, Florida. He
previously taught Financial Accounting for Regent University as
an Adjunct Professor at their Alexandria, Virginia campus and
holds an M.A. in Economics from the University of Oklahoma and a
D.B.A. from NSU.